Telemark Asset Management LLC Makes New $4.43 Million Investment in Mirion Technologies, Inc. (NYSE:MIR)

Telemark Asset Management LLC acquired a new stake in Mirion Technologies, Inc. (NYSE:MIR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 400,000 shares of the company’s stock, valued at approximately $4,428,000. Telemark Asset Management LLC owned approximately 0.17% of Mirion Technologies at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Mirion Technologies by 0.8% during the first quarter. Vanguard Group Inc. now owns 21,308,031 shares of the company’s stock valued at $242,272,000 after buying an additional 159,404 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Mirion Technologies by 509.8% during the 2nd quarter. Millennium Management LLC now owns 533,534 shares of the company’s stock valued at $5,730,000 after acquiring an additional 446,034 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in Mirion Technologies during the 2nd quarter worth $1,890,000. Rice Hall James & Associates LLC acquired a new stake in Mirion Technologies in the 2nd quarter valued at $2,377,000. Finally, Bank of New York Mellon Corp raised its position in Mirion Technologies by 13.6% in the second quarter. Bank of New York Mellon Corp now owns 816,754 shares of the company’s stock valued at $8,772,000 after purchasing an additional 97,887 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Insider Buying and Selling

In other Mirion Technologies news, insider Emmanuelle Lee sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $10.60, for a total transaction of $53,000.00. Following the completion of the transaction, the insider now directly owns 138,193 shares of the company’s stock, valued at $1,464,845.80. This trade represents a 3.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas D. Logan sold 7,500 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $14.11, for a total transaction of $105,825.00. Following the completion of the sale, the chief executive officer now owns 1,544,017 shares in the company, valued at approximately $21,786,079.87. This trade represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,405 shares of company stock worth $285,939. Insiders own 2.20% of the company’s stock.

Mirion Technologies Stock Performance

NYSE:MIR opened at $16.29 on Friday. The firm has a 50-day moving average of $13.26 and a two-hundred day moving average of $11.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55. The stock has a market cap of $3.78 billion, a P/E ratio of -47.92 and a beta of 0.73. Mirion Technologies, Inc. has a 1-year low of $8.65 and a 1-year high of $16.50.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. The business had revenue of $206.80 million for the quarter, compared to analyst estimates of $203.67 million. During the same quarter last year, the business earned $0.03 EPS. Mirion Technologies’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, research analysts expect that Mirion Technologies, Inc. will post 0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MIR has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on Mirion Technologies from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. B. Riley initiated coverage on Mirion Technologies in a report on Thursday, September 26th. They issued a “buy” rating and a $14.00 price target for the company. Finally, Citigroup increased their price objective on shares of Mirion Technologies from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, October 31st.

Mirion Technologies Profile

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.